You deposit $3000 in an account earning 4% interest compounded monthly. How much will you have in the account in 10 years? %24

Q: You deposit $100 each month into an account earning 6.3% interest compounded monthly for 30 years.…

A: Here given  Principle amount P=$100 rate r=6.3% time t=30 years,

Q: Find the balance on an account if you invest $ 1,758 at 3.4% for 22 years using simple interest.

A: Given:P The amount invested is $1758 at interest rate 3.4% for 22 years. To find : The balance in…

Q: You deposit $5000 each year into an account earning 6% interest compounded annually. How much will…

A: Given:

Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Solution-  P = $5000 r = 5% or 0.05 t = 15 years n = 12 ( compounding monthly) Formula is given by…

Q: Find the balance on an account if you invest $ 759 at 3.9 % for 2 years compounded monthly.

A: Given: Amount of money invested is $759. Rate of interest is 3.9%. Time is 2 years. Rate is…

Q: You deposit $400 in an account earning 4% interest compounded annually. How much will you have in…

A: Given: Deposited amount  P0=400           Interest R=4%           Compounded anually n=1…

Q: You deposit $3000 each year into an account earning 4% interest compounded annually. How much will…

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Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: You deposit $175 in an account that pays 4% interest compounded quarterly. How much will you have in…

A: The formula for the compound interest is given by A=P1+rnnt, where A is the final amount, P is the…

Q: deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in the…

A: Given that; Principal {p} = $ 4000 Rate (r) = 2%  Time = 10 years By using the compound interest…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: Sarah opens an investment account with an initial deposit of $ 1900. She then sets up monthly…

A: Given By using excel function

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: Grandparents deposited P6,000 into a grandchild's account. How mUch money (to the nearest peso) will…

A:

Q: Personal Loan: Brent Pickett borrowed $4000 from his brother Dave. He agreed to repay the money at…

A:

Q: You deposit $300 in an account earning 6% interest compounded annually. How much will you have in…

A:

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much…

A:

Q: You deposit $1000 each year into an account earning 4% interest compounded annually. How much will…

A:

Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: Solve Problem 20.4 using Excel.

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Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: How much will you have in an account after 25 years if you put $1900 per month in the account earns…

A: Amount after t years on investing Principal amount of $P in an account with R% of rate of interest…

Q: You deposit $6000 in an account earning 2% interest compounded the account in 10 years?

A: Here the deposit amount P(0)=$6000 rate r= 2%=2100=0.02 time t=10 years

Q: You purchase a new car for $19,500. If you borrow $19,500 for 5 years with an interest rate of 5%…

A: Given P=$19500 r=5%=0.05 t=5 years

Q: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

A: You deposit $2000 in an account earning 8% interest compounded monthly.To determine how much will…

Q: You deposit $3000 each year into an account earning 4% interest compounded annually. How much will…

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Q: You deposit $4000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: You deposit $2000 in an account earning 3% interest compounded monthly. How much will you have in…

A:

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: We know that Simple interest = PTR/100 Here Time is 7 years and Rate is 6%  Amount is 20000$. Amount…

Q: You owe $17,000 on student loans at an interest rate of 3.5% compounded monthly. You want to pay off…

A: This question is related to principal, amount ,and loan . Solve in step 2.

Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much w have in the…

A: Given: You deposit $3000 each year into an account earning 3% interest compounded monthly. Tofind:…

Q: You deposit $600 in an account earning 6% interest compounded annually. How much will you have in…

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Q: You deposit $1,000.00 in an account earning 5.74% interest compounded weekly. How much will you have…

A:

Q: You deposit $1,000.00 each year into an account earning 5% interest compounded annually. How much…

A:

Q: You would like to have $500,000 when you retire in 40 years. How much should you invest each quarter…

A: According to question Final amount = A = $ 500,000 Time = t = 40 years Compounded quarterly implies…

Q: How much would you need to deposit in an account each month in order to have $20,000 in the account…

A: Given: The required amount in future is $20,000. The interest rate is 2%. The time duration is 8…

Q: A youth sports league receives a ​$30,000 donation for building a new snack bar and office building.…

A: A=P1+rnntFor quarterly, n=4

Q: You deposit $2000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: You deposit $4000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: You deposit $3000 each year into an account earning 2% interest compounded annually. How much will…

A: Topic - Compound Interest

Q: You spend $10 per week on lottery tickets, averaging $520 per year. Instead of buying tickets, if…

A:

Q: Lydia's aunt Rose left her P5,000. Lydia spent P1,000 on her wardrobe and deposited the rest in an…

A: Given that : r = 6.9% n = 5 years P = 5000-1000 = 4000 Formula : A = P(1 + r/n)nt

Q: You deposit $300 in an account earning 7% interest compounded annually. How much will you have in…

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Q: You deposit $2000 in an account earning 4% interest compounded monthly. How much will you have in…

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Q: You deposit $2000 in an account earning 6% interest compounded monthly. How much will you have in…

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Q: How much would you need to deposit in an account now to have $3,000 in the account in 5 years?…

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Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

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Q: Sally has a sum of $20000 that she invests at 11% compounded monthly. What equal monthly payments…

A: Solution